Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 79/2016
Reykjavík, 29 August 2016

On  3 December 2015, Össur hf.  initiated a share  buy-back program, see Company
announcement no. 48/2015.

The  purpose  of  the  share  buyback  program  is to reduce the Company's share
capital and adjust the capital structure by distributing capital to shareholders
in  line with the  Company's Capital Structure  and Dividend Policy. The program
will  end  no  later  than  1 December  2016. The  Company  may  purchase  up to
5,000,000 shares  under the program, corresponding  to 1.1% of the current share
capital.  The total consideration  for shares purchased  under the program shall
not exceed USD 10 million (approx. DKK 70 million).

The following transactions have been made under the program in the period 22
August 2016 - 26 August 2016:



 Date            No. of shares Avg. purchase price DKK Transaction Value DKK
----------------------------------------------------------------------------
 22 August 2016      1,837      26.76                 49,149

 23 August 2016      4,000      26.51                106,025

 24 August 2016       816       26.14                 21,328

 25 August 2016      3,420      26.19                 89,579

 26 August 2016      2,000      26.00                 52,000
----------------------------------------------------------------------------
 Total              17,571      26.35                318,081



Össur  has acquired 1,712,023 shares  under the program  at the average price of
DKK  24.57. Following the  above transactions  Össur's holding  of own shares is
5,569,996 corresponding to 1.26% of the Company's total share capital.

The share buyback program on NASDAQ Copenhagen is carried out in accordance with
Regulation  No. 596/2014 of the European Parliament and of the Council on market
abuse ("MAR"), and the Commission delegated regulation.

Contact persons:

Jón Sigurðsson, President & CEO                                          Tel:
+354 515 1300
Sveinn Sölvason, CFO
  Tel: +354 515 1300
Össur press releases by e-mail



If  you wish to  receive Össur press  releases by e-mail  please register at the
following web-site: http://www.ossur.com/investormailings

About Össur
Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopaedics that help
people live a life without limitations. Its business is focused on improving
people's mobility through the delivery of innovative technologies within the
fields of braces, supports and prosthetic limbs. A recognized "Technology
Pioneer", Össur invests significantly in research and product development; its
award-winning designs ensuring a consistently strong position in the
market. Successful patient and clinical outcomes are further empowered via
Össur's educational programs and business solutions.  Headquartered in Iceland,
Össur has major operations in the Americas, Europe and Asia, with additional
distributors worldwide. www.ossur.com

Forward-Looking Statements

This press release includes "forward-looking statements" which involve risks and
uncertainties that could cause actual results to differ materially from results
expressed or implied by these statements. Össur hf. undertakes no obligation and
does not intend to update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. All forward-looking statements are qualified in
their entirety by this cautionary statement.



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Attachments:

Ossur Share buyback transactions 22.08-26.08.2016.pdf